Comment on If you resold Taylor Swift Eras Tour tickets, the IRS is watching — A new rule from the IRS is punishing those who resold tickets for more than $600 in profit with a tax penalty

• sudo22@lemmy.world ⁨9⁩ ⁨months⁩ ago

  I think most of those people don’t understand what the $600 rule is and instead thought I was saying scalpers shouldn’t be taxed on their ill gotten profits.

  source

  • orgrinrt@lemmy.world ⁨9⁩ ⁨months⁩ ago

    Personally I think it fair enough that government tracks larger undocumented transactions, but maybe the 600 is a bit low a threshold not to affect common people too much.

    I see your point, but I am from Northern Europe, and “governmental overreach” has a very different meaning to me than this. Especially the tracking side seems absolutely understandable for larger sums, but I am in favor of a heavy, regulating government, so I believe there are ways to make that threshold and rules as to who and why has to actually get taxed for the transaction, a fair enough and just construct among others very much needed.

    source

    • zoe@infosec.pub ⁨9⁩ ⁨months⁩ ago

      multinationals should be banned from making subsidiaries in tax heavens (for exemple, Ireland) The Irs knows this but lobbying money prohibits them from achieving anything substiantial

      source
  • zoe@infosec.pub ⁨9⁩ ⁨months⁩ ago

    so many people are uninformed and overly biaised

    source